Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Equity

v3.7.0.1
Consolidated Statement of Equity - 6 months ended Jun. 30, 2017 - USD ($)
Total
Capital Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income [Member]
Retained Earnings [Member]
Non-Controlling Interest [Member]
Beginning balance (in shares) at Dec. 31, 2016 11,886,216 11,886,216          
Beginning balance at Dec. 31, 2016 $ 433,909,480 $ 11,886 $ 56,250,000 $ 350,217,746 $ (11,196) $ 0 $ 27,441,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 17,487,921         16,669,650 818,271
Amortization related to de-designated cash flow hedges 7,374       5,978   1,396
Total Comprehensive Income 17,495,295       5,978 16,669,650 819,667
Issuance of Series A cumulative redeemable preferred stock, 7.375% - redemption value 71,170,611   73,750,000 (2,579,389)      
Series A preferred stock dividends (3,433,984)     (727,001)   (2,706,983)  
Common stock dividends (17,835,183)     (3,872,516)   (13,962,667)  
Common stock issued under director's compensation plan (in shares)   881          
Common stock issued under director's compensation plan 30,000 $ 1   29,999      
Distributions to Non-controlling interest (480,488)           (480,488)
Reinvestment of dividends paid to common stockholders (in shares)   14,584          
Reinvestment of dividends paid to common stockholders 516,565 $ 15   516,550      
Ending balance at Jun. 30, 2017 $ 501,372,296 $ 11,902 $ 130,000,000 $ 343,585,389 $ (5,218) $ 0 $ 27,780,223
Ending balance (in shares) at Jun. 30, 2017 11,901,681 11,901,681